Tag: trade war

Thursday, June 27th 2019 - 09:08 UTC
US and China seem willing to reach a trade deal next Saturday in Osaka

United States president Donald Trump said on Wednesday that a trade deal with Chinese President Xi Jinping was possible this weekend but he is prepared to impose U.S. tariffs on virtually all remaining Chinese imports if the two countries continue to disagree.
Saturday, June 15th 2019 - 08:43 UTC
Good sales prospects from China for Argentina's 56 million tons of soybeans

The soybean harvest in Argentina for the 2018-19 crop year is almost complete, according to the Buenos Aires Grain Exchange. The forecast for total production was the second-highest in 19 years at 56 million mt, up 48% year on year due to a better than expected yield of 3.35 mt/hectare, BAGE said.
Saturday, June 15th 2019 - 08:35 UTC
China's main economic indicators slowing down; more stimulus in the pipeline

China's industrial output growth unexpectedly slowed to a more than 17-year low in May, while investment also cooled, in the latest sign of weakening demand in the world's second-largest economy as United States ramps up trade pressure.
Saturday, June 8th 2019 - 07:42 UTC
Putin and Xi call for a rethinking of the US dollar role in global trade

China's Xi Jinping and Russia's Vladimir Putin hit back at US global economic dominance on Friday as they took the stage together at Russia's showcase business forum.
Wednesday, June 5th 2019 - 09:41 UTC
Federal Reserve prepared to cut rates if trade conflicts threaten US economy

Chairman Jerome Powell said on Tuesday that the Federal Reserve is prepared to respond if it decides the Trump administration's trade conflicts are threatening the U.S. economy. Investors read his remarks as a signal that the Fed will likely cut interest rates later this year.
Wednesday, June 5th 2019 - 09:37 UTC
Trump bets strongly on Brexit and anticipates a “phenomenal trade deal” with UK

United States President Donald Trump emerged from a meeting on Tuesday with outgoing British Prime Minister Theresa May talking up a “phenomenal trade deal” between the two countries once the United Kingdom leaves the European Union. But he also hinted that any such deal would have to include opening up Britain's cherished National Health Service (NHS) - a proposition certain to stir controversy.
Monday, June 3rd 2019 - 08:51 UTC
China ready to fight the US on trade, but the door still open for talks, Beijing defense minister says

China is ready to fight the US on trade but the door is still open for talks, the country's defense minister said on Sunday. “On the trade friction started by the US: if the US wants to talk, we will keep the door open. If they want to fight, we are ready,” General Wei Fenghe told an international security dialogue in Singapore.
Tuesday, May 28th 2019 - 09:35 UTC
IMF contradicts Trump: US companies and consumers are paying for the higher tariffs on Chinese imports

Companies in the United States are paying almost all the costs from tariffs on Chinese imports, International Monetary Fund (IMF) researchers said in findings that contradict US President Donald Trump's assertions that China is footing the bill.
Thursday, May 23rd 2019 - 09:57 UTC
Markets in the red on Wednesday over concerns with China-US trade dispute

US stocks fell back into the red on Wednesday, putting equities down for three of the last four sessions as investors reacted to reports of possible new US-China trade frictions.
Thursday, May 23rd 2019 - 08:49 UTC
President Xi tells China to prepare for increasingly complex and difficult times

China must prepare for difficult times as the international situation is increasingly complex, President Xi Jinping said in comments carried by state media on Wednesday, as the country faces increased tariffs in a bitter trade war with Washington.